The fact that there is a great future for mobile payment, ie payment by smartphone, few doubt. In China, for example, this has long been the preferred form of payment, even at the weekly market. But the negative news coverage of Wirecard over the past few weeks, the speculation about possible failures in Singapore and India, has hurt the fintech company. The situation is quite different with competitor Adyen. The Dutch payment service provider has risen massively since the beginning of the year.
Long gone in stock market value
On Monday it went with Adyen again by about three percent up to temporarily over 670 euros. Since the beginning of the year, the papers have gained a total of around 45 percent, so the company is currently worth 19.44 billion euros. Adyen has long since overtaken Wirecard in terms of market capitalization. After the setbacks of recent weeks and price losses of more than 40 percent Wirecard comes to a stock market value of only 13.18 billion euros. Is Adyen the better company?
Wirecard earns more than Adyen implements
There is no question that Adyen is on the road to success: in 2018, sales increased by 60 percent over the previous year to 349 million euros. Before interest, taxes and depreciation Ayden earned 182 million euros and thus 83 percent more than the year before. However, from the balance sheet figures of Wirecard, the Dutch are still far away. Experts expect the Aschheim-based company to jump above the two-billion-euro mark in 2018. The Ebitda of around 560 million euros is even expected to far exceed the sales of Adyen according to the estimates. The sticking point however: The Dutch do not have to prove that their balance sheet is clean. Wirecard, however, already.